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Unrest Roiling Colombia May Hurt Recovery: Co-Director Soto

COLOMBIA
  • Social unrest and blockades of Colombian highways by demonstrators may slow the nation's recovery from last year's slump, according to a member of the central bank's board.
  • "This very regrettable social conflict hurts the economic recovery," said bank co-director, Carolina Soto, in reply to written questions. "There's an increased risk perception, an increase in the nation's risk premiums, an increased depreciation in the currency, giving less space for the current monetary stance." (Bloomberg)

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